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Leveraging Services for Development - Prospects and Policies (Paperback)
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Leveraging Services for Development - Prospects and Policies (Paperback)
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The services economy is on the rise all around the world, and
services now comprise the largest share of economic activity and
employment in almost every country.This book presents the latest
evidence demonstrating how technologies and globalization have
transformed the services industry. Services are becoming
increasingly tradable under World Trade Organization rules and
regional trade agreements, and some services subsectors are also
seeing rates of productivity growth comparable to that in
manufacturing. At the same time, services are increasingly
contributing to manufacturing success, and countries' overall
economic competitiveness now hinges crucially on the availability
of high-quality and affordable services inputs. Furthermore, a
well-functioning services sector can accelerate human development
through better access to basic needs, such as education, energy,
finance, health, water, and sanitation. Services can also be a
source of good jobs with fewer negative environmental and social
externalities. Overall, the ongoing structural transformation
toward a services economy is a unique opportunity to achieve
long-term income growth, which in turn promotes sustainable
development. This book offers suggestions on how to achieve this,
and is thus an indispensable read for researchers and policy makers
alike.
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